Injection Fee definition
Examples of Injection Fee in a sentence
However, the State agrees that AP shall not be required to pay an Annual Injection Fee for the Withdrawn Carbon Dioxide Stream reinjected into any Storage Reservoirs on the Property.
When AP is no longer in receipt of 45Q tax credits, the Annual Injection Fee Per Ton for a given Specific Area of Interest shall be fixed for the balance of the term of this Agreement with respect to such a Specific Area of Interest at its then current value.
In no event shall the adjusted Annual Injection Fee Per Ton decrease.
The Annual Rental shall be paid without termination or discount for the first three (3) years of the Primary Term, provided that Operator may offset or deduct the Annual Rental from the Injection Fee, if any, to be paid for any calendar year (If injection activities commence after July 1 of a calendar year, the offset shall only be up to 50% of said Annual Rental).
Operator shall pay to Owner the Injection Fee quarterly each year with payments due March 1, June 1, September 1, and December 1.
Notwithstanding anything that may be contained to the contrary in this Agreement, this Agreement shall not terminate in the event of a late Injection Fee or Annual Rental payment made one hundred twenty (120) days or less from after written notice and demand by Owner to Operator, or in the event of a good faith dispute over such payment obligation of Operator and such payment is made within thirty (30) days of a final non-appealable determination by a court of competent jurisdiction.
Gulf South shall pay the Annual Injection Fee due to the State for such Contract Year as required herein.
Other than the potential for the proportionate reduction of the Injection Fee on a surface acreage basis based on the Unitized Area, nothing herein shall serve to reduce compensation to the Owner hereunder.
Owner’s share of the Injection Fee shall be based on the proportion of the Storage Premises included within the Storage Reservoir on a surface acreage basis, to be determined by Operator, or as approved as a Unitized Area, as set forth in Section 9, below.
Carrier shall provide an additive US-DOCS\70615498.10 injection system and shall blend additives into Company’s Products as instructed by Company, and for each Barrel of a Product into which one or more additives are blended, Company shall pay to Carrier the Additive Injection Fee determined in accordance with Exhibit B.